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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (21064)	6/29/2009 4:38:06 AM
From: axial	1 Recommendation Read Replies (2) \| Respond to of 71456

Zhou Says China Won’t Change Reserve Policy Suddenly bloomberg.com ' "China has no interest in triggering a dollar crisis or a U.S. bond crisis,” Calyon, the investment-banking arm of Credit Agricole SA, wrote in a research note today.' Jim

To: axial who wrote (21064)	6/29/2009 4:43:35 PM
From: benwood	1 Recommendation Read Replies (1) \| Respond to of 71456

I would also say with absolute certainty that we won't be paying off our debt, not in real terms anyway. Knowing that doesn't mean I can get rich, though, does it? I'd have to work inside GS to know what to front run, like they do. I knew that subprime was going to cause a collapse, but making money in that turned out to be problematic. Exactly when, and how? I was down 25% at one point, now I'm up 20% from my high water mark from 2008. Watching the trends and understanding where the real power is can help, but they extract trillions from keeping their plans secret, from backroom deals, from political connections, etc. Not being involved in collateral damage is not so easy. I personally don't like the work it takes to keep from getting wiped out. That sort of market will kill itself, ala Japan, as more and more investors get out and stay out, realizing finally that it is a rigged game, a gambler's den. Some day in the not too distant future, we may find currency controls placed on US citizens to restrict an exodus of capital that would hurt the big boys, even though individuals may realize it is the one way they can save something of their hard work from the past few decades. Argentina developed a good blueprint for screwing the citizens over and over. Will it be adopted here? Some of it, no doubt.